Inventory Management with Alternative Delivery Times

Business & Finance, Management & Leadership, Production & Operations Management, Nonfiction, Science & Nature, Technology
Cover of the book Inventory Management with Alternative Delivery Times by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan ISBN: 9783319486352
Publisher: Springer International Publishing Publication: November 24, 2016
Imprint: Springer Language: English
Author: Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
ISBN: 9783319486352
Publisher: Springer International Publishing
Publication: November 24, 2016
Imprint: Springer
Language: English

This book develops a modeling framework to analyze the problem of inventory management with alternative delivery times. The general context considered here is that a seller replenishes its inventory in fixed intervals and, between replenishments, allocates the limited inventory to satisfy customers who are both price and delivery-time sensitive. On the demand side, customers have heterogeneous delivery-time requirements and choose either spot or late delivery. This theoretical modeling captures the essence of real-world business practices such as the delivery time market segmentation strategy adopted by automobile dealerships in China and many other similar examples. The book focuses on the seller’s optimal inventory replenishment and demand fulfillment policies, and our results provide managerial insights into the merits of flexible delivery-time options. Similar applications such as the group-buying mechanism are also examined. The main mathematical tool used in theoretical analysis is dynamic programming. This book is written for students, researchers, and practitioners in the areas of operations management and industrial engineering who are interested in understanding the rationale of flexible delivery times and designing successful applications.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book develops a modeling framework to analyze the problem of inventory management with alternative delivery times. The general context considered here is that a seller replenishes its inventory in fixed intervals and, between replenishments, allocates the limited inventory to satisfy customers who are both price and delivery-time sensitive. On the demand side, customers have heterogeneous delivery-time requirements and choose either spot or late delivery. This theoretical modeling captures the essence of real-world business practices such as the delivery time market segmentation strategy adopted by automobile dealerships in China and many other similar examples. The book focuses on the seller’s optimal inventory replenishment and demand fulfillment policies, and our results provide managerial insights into the merits of flexible delivery-time options. Similar applications such as the group-buying mechanism are also examined. The main mathematical tool used in theoretical analysis is dynamic programming. This book is written for students, researchers, and practitioners in the areas of operations management and industrial engineering who are interested in understanding the rationale of flexible delivery times and designing successful applications.

More books from Springer International Publishing

Cover of the book The Soils of Ecuador by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Rankings and Global Knowledge Governance by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Corporate Social Responsibility in Times of Crisis by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Wine and Tourism by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Leadership without Ego by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Policing Encounters with Vulnerability by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Inflation Dynamics in South Africa by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Analytical Techniques in the Assessment of Credit Risk by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Rethinking the Clinical Gaze by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Stakeholder Theory by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Ionic Liquid Properties by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Multivariable Calculus with Applications by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Data Integration in the Life Sciences by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Fast Radial Basis Functions for Engineering Applications by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Islam and Health Policies Related to HIV Prevention in Malaysia by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy